Civeo Corp Stock Market Value
| CVEO Stock | USD 22.14 0.05 0.23% |
| Symbol | Civeo |
Civeo Corp Price To Book Ratio
Is Commercial Services & Supplies space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Civeo Corp. If investors know Civeo will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Civeo Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.878 | Dividend Share 1 | Earnings Share 1.4 | Revenue Per Share 48.289 | Quarterly Revenue Growth (0.04) |
The market value of Civeo Corp is measured differently than its book value, which is the value of Civeo that is recorded on the company's balance sheet. Investors also form their own opinion of Civeo Corp's value that differs from its market value or its book value, called intrinsic value, which is Civeo Corp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Civeo Corp's market value can be influenced by many factors that don't directly affect Civeo Corp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Civeo Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Civeo Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Civeo Corp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Civeo Corp 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Civeo Corp's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Civeo Corp.
| 11/26/2024 |
| 12/26/2024 |
If you would invest 0.00 in Civeo Corp on November 26, 2024 and sell it all today you would earn a total of 0.00 from holding Civeo Corp or generate 0.0% return on investment in Civeo Corp over 30 days. Civeo Corp is related to or competes with Network 1, BrightView Holdings, Maximus, CBIZ, First Advantage, Cass Information, and Rentokil Initial. Civeo Corporation provides hospitality services to the natural resource industry in Canada, Australia, and the United St... More
Civeo Corp Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Civeo Corp's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Civeo Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.22) | |||
| Maximum Drawdown | 10.51 | |||
| Value At Risk | (2.21) | |||
| Potential Upside | 2.13 |
Civeo Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Civeo Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Civeo Corp's standard deviation. In reality, there are many statistical measures that can use Civeo Corp historical prices to predict the future Civeo Corp's volatility.| Risk Adjusted Performance | (0.15) | |||
| Jensen Alpha | (0.38) | |||
| Total Risk Alpha | (0.43) | |||
| Treynor Ratio | (0.41) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Civeo Corp's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Civeo Corp Backtested Returns
Civeo Corp secures Sharpe Ratio (or Efficiency) of -0.17, which signifies that the company had a -0.17% return per unit of risk over the last 3 months. Civeo Corp exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Civeo Corp's Mean Deviation of 1.29, standard deviation of 1.77, and Risk Adjusted Performance of (0.15) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.86, which signifies possible diversification benefits within a given portfolio. Civeo Corp returns are very sensitive to returns on the market. As the market goes up or down, Civeo Corp is expected to follow. At this point, Civeo Corp has a negative expected return of -0.3%. Please make sure to confirm Civeo Corp's maximum drawdown, accumulation distribution, as well as the relationship between the Accumulation Distribution and market facilitation index , to decide if Civeo Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.30 |
Below average predictability
Civeo Corp has below average predictability. Overlapping area represents the amount of predictability between Civeo Corp time series from 26th of November 2024 to 11th of December 2024 and 11th of December 2024 to 26th of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Civeo Corp price movement. The serial correlation of 0.3 indicates that nearly 30.0% of current Civeo Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.3 | |
| Spearman Rank Test | -0.49 | |
| Residual Average | 0.0 | |
| Price Variance | 0.45 |
Civeo Corp lagged returns against current returns
Autocorrelation, which is Civeo Corp stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Civeo Corp's stock expected returns. We can calculate the autocorrelation of Civeo Corp returns to help us make a trade decision. For example, suppose you find that Civeo Corp has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Civeo Corp regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Civeo Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Civeo Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Civeo Corp stock over time.
Current vs Lagged Prices |
| Timeline |
Civeo Corp Lagged Returns
When evaluating Civeo Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Civeo Corp stock have on its future price. Civeo Corp autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Civeo Corp autocorrelation shows the relationship between Civeo Corp stock current value and its past values and can show if there is a momentum factor associated with investing in Civeo Corp.
Regressed Prices |
| Timeline |
Pair Trading with Civeo Corp
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Civeo Corp position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Civeo Corp will appreciate offsetting losses from the drop in the long position's value.Moving together with Civeo Stock
| 0.82 | FC | Franklin Covey Earnings Call This Week | PairCorr |
Moving against Civeo Stock
| 0.9 | KC | Kingsoft Cloud Holdings | PairCorr |
| 0.87 | SQ | Block Inc | PairCorr |
| 0.84 | EXLS | ExlService Holdings | PairCorr |
| 0.8 | DRVN | Driven Brands Holdings | PairCorr |
| 0.76 | EEFT | Euronet Worldwide | PairCorr |
The ability to find closely correlated positions to Civeo Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Civeo Corp when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Civeo Corp - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Civeo Corp to buy it.
The correlation of Civeo Corp is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Civeo Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Civeo Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Civeo Corp can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Civeo Corp Correlation, Civeo Corp Volatility and Civeo Corp Alpha and Beta module to complement your research on Civeo Corp. To learn how to invest in Civeo Stock, please use our How to Invest in Civeo Corp guide.You can also try the Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.
Civeo Corp technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.